Posts

The Asteroid Files | Patience and Increasing Your Stack

avatar of @asteroids
25
@asteroids
·
0 views
·
2 min read

"The Asteroid Files are an archive of my detailed, real-time accounts as a cryptocurrency trader. I am not one for posting frequently, but a friend told me to do a fun little series on how I trade, what I trade and why I trade. Maybe this could turn into something fun. Maybe not.

Either way, I'm going to enjoy myself and tie in some fun science fictiony type of stuff with my daily trading endeavors.

Hopefully I can either bring some direct value via entertainment or my sheer trading awesomeness. Regardless, anything you read in my files are not to be taken as financial advice, as that would be wildly irresponsible.

Invest at your own risk and seek help if you are not experienced. My posts are for entertainment purposes only, especially considering that the title of this series is about asteroids which has absolutely nothing to do with trading... or does it?"

Asteroids Portfolio Snapshot:

Portfolio Commentary:

The portfolio is taking a beating in terms of USD. Crypto is a real bitch sometimes.

At times, you can be up in the triple digit %...

And it can move in the opposite direction as well and completely wreck your hopes and dreams.

I'm far from worried though. The game is all about DCA (dollar cost averaging) your way into better positions for an eventual run-up.

So that's what Im doing now. Adding on to my positions to eventually increase my overall stack.

I think a lot of people are very concerned with STEEM, but I see this all as an opportunity.

If you're smart like me, you know to play the game and flip cryptos back and forth between different currencies as you build your portfolio.

Since I use STEEM as the base, I am able to flip in and out of other positions to increase my STEEM value, even though USD value sucks right now.

Patience is the name of the game.